Deloitte Announces $34.2B Record Revenues

October 2, 2014

John JohnstonDeloitte member firms [Deloitte] reported record aggregate revenues of US $34.2 billion for the fiscal year ending 31 May 2014. In its fifth consecutive year of growth, Deloitte saw accelerated demand for its services in all global regions. The organization’s aggregate revenues represent growth of 6.5% in local currency, or 5.7% in U.S. dollars.

John Johnston [pictured], CEO of Deloitte’s Caribbean and Bermuda group, commented: “Deloitte firms in Bermuda and the Caribbean region experienced moderate growth during 2014; while we make up a relatively small part of the revenues of our global organization, we continue to play a key role in serving multinational clients of the network as well as local interests.

“In Bermuda, our focus has been to continually drive audit quality and to grow our advisory offerings, particularly enterprise risk services, actuarial services, corporate recovery, and tax. We continue to invest in our people and the Bermuda community and are particularly committed to the development of young Bermudians through our internship and professional qualification programs.”

A spokesperson said, “Deloitte’s growth reflects its commitment to providing clients with high quality services, delivering innovative solutions from strategy to implementation. Increasing client needs stemming from globalization and changes in business models, technology, and regulations are expected to drive further opportunities in the year ahead. The network is also committed to the development of its people, and now numbers 210,000 professionals across the globe.

“Deloitte’s growth was led by Consulting, which experienced double-digit growth [10.3% in local currency], followed by Tax & Legal [7.7%]. Financial Advisory and Enterprise Risk Services also experienced strong growth with 6.8% and 4.2%, respectively. Audit experienced growth of 2.5%, reflecting growth even after accounting for the network’s significant investment in quality around its audit service.

“Deloitte continues to invest heavily in innovation, which includes global investment in technology, advanced analytics, new business models and sector-specific solutions, as well as people, to provide top-of-the-line services. The audit plays a critical role in building trust in public and capital markets and is also a cornerstone of Deloitte’s work.

“Deloitte’s quality focused and innovative audit service provides a comprehensive suite of capabilities that deliver deeper insights and value, including state-of-the-art technologies, most notably advanced data analytics and enhanced auditor’s reporting.”

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  1. more than enough says:

    Anybody else notice that while everybody else is crying for money citing recession, governments, or whatever, these clowns quarter after quarter year after year throughout the downturn continue to rake in record profits.
    How is this helping us?